More than 1,000 employees went on strike at a China factory owned by Hon Hai Precision Industry Co Ltd (2317.TW), the world's biggest electronics contract manufacturer, demanding higher wages and better benefits, a labor watchdog said on Thursday.
Industry
Wall Street sells off on growth concerns; volatility picks up
The S&P 500 on Thursday posted its largest percentage decline in six months on concerns about the strength of the global economy and its effect on corporate earnings.
Stocks roar Fed approval; dollar, bond yields wilt
World stock markets roared their approval on Thursday of reassurances the U.S. Federal Reserve will not rush into raising interest rates, with risk appetite flooding back into almost every asset class.
Rolls-Royce selected by Norwegian for nine Dreamliner engines
British engineering company Rolls-Royce (RR.L) said airline Norwegian (NWC.OL) had selected its engines to power nine Boeing (BA.N) Dreamliner aircraft and signed up for a long-term maintenance and servicing contract worth $440 million.
BMW hires Ferrari's former chief engineer to polish tech prowess
BMW (BMWG.DE) has hired Ferrari's former chief engineer as it seeks to strengthen its technical prowess amid intensifying competition with rival German luxury carmakers Audi and Mercedes-Benz.
Latest News
Federal Reserve officials want to tie an interest-rate rise to U.S. economic progress, but the minutes of their last policy meeting show they are struggling with how to come to grips with the dual threats of a stronger dollar and a global slowdown.
Gap Inc (GPS.N) Chief Executive Glenn Murphy will retire in February and hand over the reins of the apparel retailer to its digital business head Art Peck, as the company looks to tap customers' increasing preference for online shopping.
Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dollar's strength.
A major collection of modern and contemporary art assembled by two of the 20th century's most prominent collectors is expected to fetch more than $85 million when it hits the auction block next month, Sotheby's said on Monday.
Growth in China's services sector weakened slightly in September as new business cooled, a private survey showed on Wednesday, reinforcing signs of a slowdown in the world's second-largest economy that could prompt more stimulus measures.
A much-needed pruning of banks across the world could stifle lending and dampen economic recovery, the International Monetary Fund said on Wednesday.
Telecom operator Swisscom (SCMN.VX) is considering a possible sale of its Italian broadband firm Fastweb, which is worth up to 5 billion euros ($6.3 billion) and has been a target for Vodafone (VOD.L), sources familiar with the situation said.
Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is hoping that help will come from something it cannot control: the value of the euro.
Asian stocks slid on Wednesday as worries about waning global growth lifted safe-haven bonds and the yen, while shoving oil prices to their lowest in more than two years.
